Pittsburg County Ad Valorem Tax Litigation Results in $429,000,000 Power Plant Valuation

TISDAL & O'HARA represented the Pittsburg County Assessor in litigation against affiliates of a worldwide energy conglomerate concerning the valuation of a 1250 mw natural gas-fired electric generating plant for ad valorem tax purposes. The firm's representation lead to a judgment that the market value of the plant, known as the Kiamichi Energy Facility, was $429 million. Such valuation resulted in the distribution of millions of dollars of ad valorem tax revenue to area school systems and other facilities dependent on such funds.